Address
701 W Lake Street Minneapolis, MN
Price
$ 1,850,000
Property Attributes
- ID#5617158
- TypePending
- CountyHENNEPIN
- CityMinneapolis
- AreaAuditors Sub 040
- NeighborhoodSouth Uptown
- Zip55408
- StyleMixed Use
- Year Built1901
- Taxes$ 40374
- Price$ 1,850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10320
- Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Standard Commercial
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description
Previous buyer got Corona-Jitters. Mixed use apartment and retail/restaurant building at the southwest corner of Lyndale and Lake in Minneapolis' popular Uptown neighborhood. Prieto Taquria bar/restaurant is on a 10-year NNN lease with 2% annual increases. 3 of 4 apartment units were upgraded in 2017. HVAC for the restaurant is separate. 4/4 apt units have been updated, entire building has been renovated. Mechanical is in great working condition. The remodeled apartments are really nice sizes. Buyer and buyer's agent to verify all info. and measurements. Please contact broker for CA and offering memorandum. Clean phase 1, 2 and soil samples. Turn Key investment.
| Price History | |
|---|---|
| 7/7/2020 | Listed $1,950,000 |
| 2/20/2021 | 6% - $1,850,000 |
General Features
| Accessibility | None |
|---|---|
| Construction Materials | Brick/Stone |
| Contingency | None |
| Current Use | Restaurant, Residential |
| Heating | Forced Air |
| High School District | Minneapolis |
| Lender Owned | No |
| Property SubType | Mixed Use |
| Property Type | Commercial Sale |
| Sewer | City Sewer - In Street |
| Standard Status | Pending |
| Tax Annual Amount | 40374 |
| Total Units | 4 |
| Zoning Description | Business/Commercial, Residential-Multi-Family |
Interior Features
| Unit Type | Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, 1 Room, 2 Room, 3 Room, 4 Room, 5 Room, 6 Room, 7 Room |
|---|
Exterior Features
| Foundationarea | 3200 |
|---|---|
| Lot Dimensions | 80 X 45 |
| Lot Size Area | 0.08 |
| Lot Size Units | Acres |
| Parking Features | On-Street Parking Only |
| Water Source | City Water - In Street |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 55408
Price
Taxes
Visits
Year Built
Walkscore
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